Bitvavo Will Delist Portal To Bitcoin on Nov. 6, Ending Trading at 8 a.m. ET

Bitvavo will delist Portal To Bitcoin (PTB) on Nov. 6, ending trading at 8 a.m. ET (13:00 UTC) and leaving holders one hour to withdraw before remaining balances are converted to euros.

Deposits close at 7 a.m. ET (12:00 UTC), one hour before trading ends. Withdrawals remain open until 9 a.m. ET (14:00 UTC). Open orders will be canceled when trading stops, with funds returned to users’ accounts. After the delisting, PTB will no longer appear in Bitvavo’s app or website.

Before trading ends, users can trade PTB for euros or another digital asset at the regular trading fee. They can also withdraw to a Bitvavo Web3 wallet or an external wallet before the withdrawal cutoff; external withdrawals carry a network fee.

Any PTB remaining after withdrawals close will be automatically converted to euros on Nov. 17 or earlier and credited to users’ accounts. The conversion will use the market price at the time. A spread may apply, and the specific spread is not guaranteed; the automatic conversion has no trading fee.

Bitvavo did not give a PTB-specific reason for the delisting. Review factors include user interest, liquidity and network security, but the notice does not identify any of them as the reason for this decision.